Stocks MAGA boom

Monday 11 November 2024

The Market Ear with the MAGA boom.

Making money on MAGA

Hedge Funds are enjoying the “bump from Trump” – ride. Hedge funds gained 2.4% between 11/1 and 11/7, driven by beta of +2.0% and alpha of +0.4% (who needs alpha when it is a bull market…?). Net leverage increased by 4% to 59%. This is a 1-year high, but not very high if you zoom out a little. There could be a lot more room for hedge funds to buy if they really want to go “All-In” on MAGA.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.